Sports Betting Market Growth & Trends:
The global sports betting market size is estimated to reach USD 182.12 billion by 2030, registering a CAGR of 10.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. The primary element driving the rise of the sports betting sector is the developing internet infrastructure worldwide. The industry is growing owing to a rise in the amount of sports events and leagues around the world and a surge in demand for sports betting among the elderly and millennials. Other factors affecting the market growth are an increase in disposable income and the need for financial stability among the people.
Esports, electronic sports, is a type of video game competition that frequently takes the form of organized, multiplayer video game events amongst individual, professional players, or teams. Betting in the E-sports segment has gained popularity during the pandemic and is expected to maintain stable growth in coming years due to the rising emergence of video gamers. Some of the most popular competitive video games are Counter-Strike, Dota 2, Call of Duty, and League of Legends, around which multiple tournaments are hosted worldwide.
The internet has positively impacted the market significantly since the introduction of live bets in 2002. However, in the absence of a digital presence, technology's impact on betting is negligible. Major players in the sports betting industry operate via online platforms and official websites. Additionally, sports betting is a highly regulated industry worldwide. For instance, online betting in all sports except horse racing is illegal in most parts of India according to the Public Gambling Act of 1867 and the Technology Act of 2000.
The COVID-19 pandemic has augmented the market for sports betting. The pandemic impacted the lives and occupations of multiple households globally. Earning members lost their jobs, and many faced decrements in income. As a result, the indulgence in betting for a considerable amount of the population increased and the industry saw a surge in participants. According to a study conducted by Public Health England, online casino gambling increased by almost 9.0% during the pandemic.
Sports Betting Market Report Highlights:
- The North America region is anticipated to witness a CAGR of around 11% during the forecast period of 2022 to 2030. The U.S. has legalized sports betting in 29 states as of October 2021, which is a promoting factor for the market growth
- Fixed-odds wagering sub-segment accounts for most of the market share of the market. However, eSports betting is expected to witness the highest CAGR in the coming years due to the spurt in demand for interactive games
- Horseracing is extremely popular and accounts for the second-highest market share. However, the football game is expected to gain attention and show the highest CAGR during the forecast period
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
Chapter 3 Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent market outlook
- 3.2 Market Size and Growth Prospects
- 3.3 Penetration & Growth Prospect Mapping
- 3.4 Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Growing digital infrastructure and penetration of connected devices
- 3.4.1.2 Increase in number of sports events and leagues
- 3.4.2 Market restraint/challenges analysis
- 3.4.2.1 Stringent government regulations
- 3.4.3 Market opportunity analysis
- 3.4.3.1 Application of AI and blockchain technology
- 3.5 Sports Betting Scenario - Trend Analysis
- 3.5.1 Overview
- 3.5.2 Key Companies in Sports betting
- 3.5.3 Betting Streaming
- 3.5.4 Bet to Watch
- 3.5.5 Bet in Play
- 3.6 Porter's Five Forces Analysis
- 3.7 PEST Analysis
- 3.8 COVID-19 Impact on Sports Betting Market
- 3.9 Legal Regulations
- 3.9.1 North America
- 3.9.1.1 U.S.
- 3.9.1.2 Canada
- 3.9.2 Europe
- 3.9.2.1 U.K.
- 3.9.2.2 Germany
- 3.9.2.3 France
- 3.9.2.4 Italy
- 3.9.2.5 Rest of Europe
- 3.9.3 Latin America
- 3.9.3.1 Brazil
- 3.9.3.2 Mexico
- 3.9.3.3 Rest of Latin America
- 3.9.4 Asia Pacific
- 3.9.4.1 China
- 3.9.4.2 India
- 3.9.4.3 Japan
- 3.9.4.4 South Korea
- 3.9.4.5 Philippines
- 3.9.4.6 Australia
- 3.9.5 MEA
- 3.9.5.1 South Africa
- 3.9.5.2 Middle Eastern Countries
- 3.10 Sports Betting Users Interest
- 3.10.1 North America
- 3.10.1.1 U.S.
- 3.10.1.2 Canada
- 3.10.2 Europe
- 3.10.2.1 U.K.
- 3.10.2.2 Germany
- 3.10.2.3 France
- 3.10.2.4 Italy
- 3.10.3 Asia Pacific
- 3.10.3.1 China
- 3.10.3.2 India
- 3.10.3.3 Japan
- 3.10.3.4 South Korea
- 3.10.3.5 Australia
- 3.10.3.6 Philippines
- 3.10.4 Latin America
- 3.10.5 MEA
- 3.10.5.1 Middle East
- 3.10.5.2 Africa
- 3.11 Geographic Presence Chart for APAC countries
- 3.12 Government Based/Approved Betting Operators
Chapter 4 Sports Betting Market: Platform Estimates & Trend Analysis
- 4.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
- 4.2 Platform Movement Analysis & Market Share, 2021 & 2030
- 4.3 Offline
- 4.3.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 4.4 Online
- 4.4.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
Chapter 5 Sports Betting Market: Type Estimates & Trend Analysis
- 5.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
- 5.2 Type Movement Analysis & Market Share, 2021 & 2030
- 5.3 Fixed Odds Wagering
- 5.3.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 5.4 Exchange Betting
- 5.4.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 5.5 Live/In Play Betting
- 5.5.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 5.6 eSports Betting
- 5.6.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 5.7 Others
- 5.7.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
Chapter 6 Sports Type Estimates and Trend Analysis
- 6.1 Market Size Estimates & Forecasts and Trend Analysis, 2018 - 2030 (USD Billion)
- 6.2 Sports Type Movement Analysis & Market Share, 2021 & 2030
- 6.3 Football
- 6.3.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 6.4 Basketball
- 6.4.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 6.5 Baseball
- 6.5.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 6.6 Horse Racing
- 6.6.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 6.7 Cricket
- 6.7.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 6.8 Hockey
- 6.8.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
- 6.9 Others
- 6.9.1 Market size estimates and forecasts by region, 2018 - 2030 (USD Billion)
Chapter 7 Regional Estimates & Trend Analysis
- 7.1 Sports Betting Market by Region, 2021 & 2030
- 7.2 Regional Movement Analysis & Market Share, 2021 & 2030
- 7.3 North America
- 7.3.1 North America sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.3.2 North America sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.3.3 North America sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.3.4 U.S.
- 7.3.4.1 U.S. sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.3.4.2 U.S. sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.3.4.3 U.S. sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.3.5 Canada
- 7.3.5.1 Canada sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.3.5.2 Canada sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.3.5.3 Canada sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.4 Europe
- 7.4.1 Europe sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.4.2 Europe sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.4.3 Europe sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.4.4 U.K
- 7.4.4.1 U.K. sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.4.4.2 U.K. sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.4.4.3 U.K. sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.4.5 Germany
- 7.4.5.1 Germany sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.4.5.2 Germany sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.4.5.3 Germany sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.4.6 France
- 7.4.6.1 France sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.4.6.2 France sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.4.6.3 France sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.4.7 Italy
- 7.4.7.1 Italy sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.4.7.2 Italy sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.4.7.3 Italy sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.5 Asia Pacific
- 7.5.1 Asia Pacific sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.5.2 Asia Pacific sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.5.3 Asia Pacific sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.5.4 China
- 7.5.4.1 China sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.5.4.2 China sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.5.4.3 China sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.5.5 India
- 7.5.5.1 India sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.5.5.2 India sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.5.5.3 India sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.5.6 Japan
- 7.5.6.1 Japan sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.5.6.2 Japan sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.5.6.3 Japan sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.5.7 South Korea
- 7.5.7.1 South Korea sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.5.7.2 South Korea sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.5.7.3 South Korea sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.5.8 Australia
- 7.5.8.1 Australia sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.5.8.2 Australia sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.5.8.3 Australia sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.5.9 Philippines
- 7.5.9.1 Philippine sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.5.9.2 Philippine sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.5.9.3 Philippine sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.6 Latin America
- 7.6.1 Latin America sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.6.2 Latin America sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.6.3 Latin America sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.6.4 Brazil
- 7.6.4.1 Brazil sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.6.4.2 Brazil sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.6.4.3 Brazil sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.6.5 Mexico
- 7.6.5.1 Mexico sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.6.5.2 Mexico sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.6.5.3 Mexico sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.7 Middle East & Africa (MEA)
- 7.7.2 Middle East & Africa (MEA) sports betting market, by platform, 2018 - 2030 (USD Billion)
- 7.7.3 Middle East & Africa (MEA) sports betting market, by betting type, 2018 - 2030 (USD Billion)
- 7.7.4 Middle East & Africa (MEA) sports betting market, by sports type, 2018 - 2030 (USD Billion)
- 7.8 Country-Wise Ranking Analysis
- 7.8.1 North America
- 7.8.1.1 U.S.
- 7.8.1.2 Canada
- 7.8.2 Europe
- 7.8.2.1 U.K.
- 7.8.2.2 Germany
- 7.8.2.3 France
- 7.8.2.4 Italy
- 7.8.3 Asia Pacific
- 7.8.3.1 China
- 7.8.3.2 India
- 7.8.3.3 Japan
- 7.8.3.4 Australia
- 7.8.3.5 South Korea
- 7.8.3.6 Philippines
- 7.8.4 Latin America
- 7.8.4.1 Brazil
- 7.8.4.2 Mexico
Chapter 8 Competitive Analysis
- 8.1 Key Competitor Ranking Analysis, 2021
- 8.2 Recent Developments & Impact Analysis, by Key Market Participants
Chapter 9 Competitive Landscape
- 9.1 888 Holdings Plc
- 9.1.1 Company overview
- 9.1.2 Financial performance
- 9.1.3 Product benchmarking
- 9.1.4 Recent developments
- 9.2 bet365
- 9.2.1 Company overview
- 9.2.2 Financial performance
- 9.2.3 Product benchmarking
- 9.2.4 Recent developments
- 9.3 Betsson AB
- 9.3.1 Company overview
- 9.3.2 Financial performance
- 9.3.3 Product benchmarking
- 9.3.4 Recent developments
- 9.4 Churchill Downs Incorporated
- 9.4.1 Company overview
- 9.4.2 Financial performance
- 9.4.3 Product benchmarking
- 9.4.4 Recent developments
- 9.5 Entain plc
- 9.5.1 Company overview
- 9.5.2 Financial performance
- 9.5.3 Product benchmarking
- 9.5.4 Recent developments
- 9.6 Flutter Entertainment Plc
- 9.6.1 Company overview
- 9.6.2 Financial performance
- 9.6.3 Product benchmarking
- 9.6.4 Recent developments
- 9.7 IGT
- 9.7.1 Company overview
- 9.7.2 Financial performance
- 9.7.3 Product benchmarking
- 9.7.4 Recent developments
- 9.8 Kindred Group Plc
- 9.8.1 Company overview
- 9.8.2 Financial performance
- 9.8.3 Product benchmarking
- 9.8.4 Recent developments
- 9.9 Sportech Plc
- 9.9.1 Company overview
- 9.9.2 Financial performance
- 9.9.3 Product benchmarking
- 9.9.4 Recent developments
- 9.10 William Hill Plc
- 9.10.1 Company overview
- 9.10.2 Financial performance
- 9.10.3 Product benchmarking
- 9.10.4 Recent developments